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Description

NEW PRICE ADJUSTMENT!! Investor's Dream Near Raymond James Stadium! Discover this versatile income-producing property in Tampa, just minutes from Raymond James Stadium and Steinbrenner Field. Originally a 3-bedroom, 2-bath home, this property has been thoughtfully converted into two studio apartments, one 1-bedroom apartment, and a main living space with 2 Bedrooms and 1 bath. Current NOI is $36k with a 6.5% Cap Rate, and units are on month-to-month leases at below-market rates. With a Potential Gross Income (PGI) of $64K annually based on current rental market valuation, the property offers a potential of 11.5% Cap Rate. Updated roof (2021) + solar panels for energy efficiency. Prime location – close to highways, shopping, dining, and major attractions. Spacious parking for tenants and guests. Endless potential for short-term or long-term rentals. With a motivated seller and multiple income streams, this property is a true investor's gem in one of Tampa's hottest rental markets.

Features

• Property Type: Single Family Home
• Sub Type: Single Family Home
• Listing Status: Active
• County/Area: Hillsborough County
• Zip Code: 33607
• Year Built: 2002
• Subdivision/Neighborhood: John H Drews First Ext
• Sq.Ft.: 2,028 sq ft
• Style: Contemporary, Traditional
• Stories: 1 Story
• Total Rooms: 8
• Bedrooms: 3
• Full Baths: 2
• Lot Size: 5663 sq ft lot
• Baths: 2
• Zoning: RS-50
• Appliances: Cooktop, Dishwasher, Dryer, Electric Water Heater, Microwave, Refrigerator, Washer
• Association 2: No
• Available For Lease: Yes
• Bedroom 1: First Level
• Bedroom 2: First Level
• Building Area Source: Public Records
• Building Area Total: 2551
• Building Area Units: Square Feet
• Construction Materials: Stucco
• Cooling: Central Air
• Country: US
• Dinette: First Level
• Direction Faces: West
• Directions: From Columbus Driver go North on N Glen Ave North to corner of Glen and W Abdella St
• Exterior Features: Awning(s), Private Mailbox, Sidewalk
• Flooring: Carpet, Tile
• Foundation Details: Block
• HOA Fee: 0.00
• HOA Frequency: Monthly
• Heating: Central
• Homestead: Yes
• In Law Suite: No
• Interior Features: Ceiling Fans(s), Open Floorplan, Primary Bedroom Main Floor, Thermostat
• Kitchen: First Level
• Laundry: First Level
• Laundry Features: Laundry Room
• Levels: One
• Living Area Meters: 188.41
• Living Area Source: Public Records
• Living Area Units: Square Feet
• Living Room: First Level
• Lot Size Square Feet: 5562
• Lot Size Square Meters: 517
• MLS Area Major: 33607 - Tampa
• Main Type: Residential
• Minimum Lease: No Minimum
• Patio And Porch Features: Covered, Front Porch, Patio
• Primary Bathroom: First Level
• Primary Bedroom: First Level
• Property Description: Corner Unit
• Road Surface Type: Paved
• Roof: Shingle
• Sewer: Public Sewer
• Short Term Rental: Yes, See Minimum Lease
• Stories Total: 1
• Tax Annual Amount: 2234.41
• Tax Lot: 12
• Tax Year: 2024
• Total Acreage: 0 to less than 1/4
• Total Annual Fees: 0.00
• Total Monthly Fees: 0.00
• Township: 29
• Unit Number: No
• Utilities: Cable Available, Electricity Available
• Water Access: No
• Water Extras: No
• Water Source: Public
• Water View: No